Oil options are hot again as Standard Chartered looks to move into the US market following years of cutbacks in the sector. Matthew Hastings, a former PetroChina trader, is set to head the London desk. Tougher regulations under Dodd-Frank in 2010 has impacted profits of all banks leading to pull-outs.
2010 - RBS Sempra exits Commodities
2013 - Deutsche Pulls global commodities trading
2013 - UBS restructures focusing on precious metals and index
2014 - Barclays exits Commodities, rolls precious into FX
In 2015 Standard Chartered had to lay on extra provisions due to losses on commodities loans.
2010 - RBS Sempra exits Commodities
2013 - Deutsche Pulls global commodities trading
2013 - UBS restructures focusing on precious metals and index
2014 - Barclays exits Commodities, rolls precious into FX
In 2015 Standard Chartered had to lay on extra provisions due to losses on commodities loans.
